Real estate blog entries tagged with tax credit extension buy and bail by Jason Kotar (Kotar Associates)

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Home : Blogs : Jason Kotar : Jason Kotar's Blog : Tag "tax credit extension buy and bail"

tax credit extension buy and bail: TAX CREDIT EXTENSION – IS IT REALLY ALL THAT? - 10/31/09 10:15 AM

The Senate has agreed to extend the tax credit for homebuyers to include contracts signed by April 30, 2010 that close by June 1. The credit for 1st time homebuyers will remain at $8000 with the income limits raised from $75,000 for individuals and $150,000 for couples to $125,000 and $250,000, respectively.
The proposal also allows existing homeowners who have lived in their home for five consecutive years to receive a tax credit of $6500 if purchasing a home within this timeframe.
What does this all mean? As winter months are not normally high months for buying homes, this extension is … (4 comments)

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Jason Kotar

Fort Lauderdale, FL

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